The U.S. and China Have a New Economic Deal

A new agreement has been reached between the United States and China, currently in the final approval stage by the leaders of both countries, Donald Trump and Xi Jinping. According to the agreement, China will initially supply all necessary magnets and rare earth metals.

Under the same contract, the American side commits to allowing Chinese students to study at American universities, which Trump has presented as a positive step. As part of the arrangement, the U.S. will impose a 55% tariff, while China will impose a 10% tariff.

"Relations are excellent, thank you for paying attention to this issue," Trump wrote on his Truth social media page.